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SB1790

Sports or entertainment project; City of Va. Beach granted certain powers relating to construction.

Status:
Enacted

Chief Patron:
Frank Wagner (R)

Session:
2019 Regular Session

Summary

As Introduced. City of Virginia Beach; sports or entertainment project.

Grants the City of Virginia Beach certain powers relating to construction of a sports or entertainment project and any related facilities. Among those powers is the authority to (i) issue bonds to construct a sports or entertainment project, (ii) receive state sales and use tax revenue that is attributable to such project, and (iii) use such revenue to repay such bonds. The bill provides that the City of Virginia Beach's entitlement to state sales and use tax revenue shall expire on July 1, 2039. The powers granted by the bill to the City of Virginia Beach are similar to those granted to the Hampton Roads Sports Facility Authority. (Less)

  • Bill History

  • 02/18/2019 - Senate: Unanimous consent to introduce
  • 02/18/2019 - Senate: Presented and ordered printed 19107333D
  • 02/18/2019 - Senate: Referred to Committee on Commerce and Labor
  • 02/18/2019 - Senate: Reported from Commerce and Labor (13-Y 0-N)
  • 02/19/2019 - Senate: Read first time
  • 02/19/2019 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/19/2019 - Senate: Engrossed by Senate
  • 02/19/2019 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/19/2019 - Senate: Passed Senate (33-Y 7-N)
  • 02/20/2019 - House: Placed on Calendar
  • 02/20/2019 - House: Read first time
  • 02/20/2019 - House: Referred to Committee on Finance
  • 02/20/2019 - Senate: Impact statement from TAX (SB1790)
  • 02/20/2019 - House: Reported from Finance (17-Y 4-N)
  • 02/22/2019 - House: Read third time
  • 02/22/2019 - House: Passed House (71-Y 27-N)
  • 02/22/2019 - House: VOTE: PASSAGE (71-Y 27-N)
  • 03/07/2019 - Senate: Enrolled
  • 03/07/2019 - Senate: Bill text as passed Senate and House (SB1790ER)
  • 03/07/2019 - Senate: Impact statement from TAX (SB1790ER)
  • 03/07/2019 - House: Signed by Speaker
  • 03/09/2019 - Senate: Signed by President
  • 03/11/2019 - Senate: Enrolled Bill Communicated to Governor on March 11, 2019
  • 03/11/2019 - Governor: Governor's Action Deadline Midnight, March 26, 2019
  • 03/22/2019 - Governor: Approved by Governor-Chapter 793 (effective 7/1/19)
  • 03/22/2019 - Governor: Acts of Assembly Chapter text (CHAP0793)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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